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WEDARVA

Active
Private limited company (pre-2019)founded 200917 yrs activeWijgmaalsesteenweg 108, 3012 Leuven, BelgiumKBO/BCE: BE 0809.049.185
Summary

WEDARVA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €127,185 and a net result of €119,125. Equity is shrinking by ~15% per year across the filed fiscal years. Its solvency ranks better than 25% of 33 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2026
Axes · tick = 2025
Profitability85▲+2
Solvency39▼-12
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.32 against 1.04 in 2025; short-term debt: 28.9% and cash: 2.9% of total assets), and 85.8% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 17 years 0 20 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026
Solvency, return and age of the figures
Solvency
14.2%
Return on assets
13.3%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 33 sector peers (2026).
NBB · sector comparison
Position among 33 sector peers
Solvency
better than 25%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 09-06-2026, 144 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
144 d early
2025
45 d early
2024
36 d early
2023
1 d early
2022
97 d early
2021
6 d early
2020
27 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 16 September (4 of the last 5 filed years within 52 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 January 2009, WEDARVA was incorporated.1 Total assets went from EUR 1 million in 2019 to EUR 896,846 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2026

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Financials · fiscal year 2026, abbreviated schema

Equity
€127,185▼ 54.5%
2025 · €279,314
Total assets
€896,846▼ 15.3%
2025 · €1.1m
Net result
€119,125▲ 1.1%
2025 · €117,802
Working capital
-€176,452
2025 · €8,040
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20222023202420252026
Operating result€138,058▲ 9.5%€157,494▲ 14.1%€151,090▼ 4.1%€164,954▲ 9.2%€164,516▼ 0.3%
Net result€99,786above the sector's middle half▲ 13.7%€114,532above the sector's middle half▲ 14.8%€110,020above the sector's middle half▼ 3.9%€117,802above the sector's middle half▲ 7.1%€119,125▲ 1.1%
Equity€196,960above the sector's middle half▼ 67.0%€201,492within the sector's middle half▲ 2.3%€211,513above the sector's middle half▲ 5.0%€279,314within the sector's middle half▲ 32.1%€127,185▼ 54.5%
Total assets€1.1mabove the sector's middle half▲ 4.6%€1.1mwithin the sector's middle half▲ 1.2%€1.1mabove the sector's middle half▲ 4.3%€1.1mwithin the sector's middle half▼ 5.3%€896,846▼ 15.3%
Debt€863,607▲ 107%€871,363▲ 0.9%€907,638▲ 4.2%€780,018▼ 14.1%€769,661▼ 1.3%
Working capital€17,604within the sector's middle half-€27,708below the sector's middle half-€44,604below the sector's middle half▼ 61.0%€8,040within the sector's middle half-€176,452
Solvency18.6%below the sector's middle half▼ 40.3pp18.8%within the sector's middle half▲ 0.2pp18.9%below the sector's middle half▲ 0.1pp26.4%within the sector's middle half▲ 7.5pp14.2%▼ 12.2pp
Current ratio1.17within the sector's middle half▲ 0.440.84below the sector's middle half▼ 0.320.84below the sector's middle half▼ 0.011.04within the sector's middle half▲ 0.210.32▼ 0.72
Return on assets (ROA)9.4%within the sector's middle half▲ 0.8pp10.7%within the sector's middle half▲ 1.3pp9.8%within the sector's middle half▼ 0.8pp11.1%within the sector's middle half▲ 1.3pp13.3%▲ 2.2pp
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000Operating result 2022: €138,058€138,058Net result 2022: €99,786€99,786Operating result 2023: €157,494€157,494Net result 2023: €114,532€114,532Operating result 2024: €151,090€151,090Net result 2024: €110,020€110,020Operating result 2025: €164,954€164,954Net result 2025: €117,802€117,802Operating result 2026: €164,516€164,516Net result 2026: €119,125€119,12520222023202420252026€0€50,000€100,000€150,000Operating result 2024: €151,090€151,000Net result 2024: €110,020€110,000Operating result 2025: €164,954€165,000Net result 2025: €117,802€118,000Operating result 2026: €164,516€165,000Net result 2026: €119,125€119,000202420252026
The operating result falls in 2026; 2026 is 0% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €896,846
Fixed assets €814,054 ▼ 5.4%
Current assets €82,792 ▼ 58.4%
Equity and liabilities €896,846
Equity €127,185 ▼ 54.5%
Debt €769,661 ▼ 1.3%
Debt's share of the balance-sheet total rises from 73.6% to 85.8%. Equity and debt are lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€209,973▲
2025 · €204,718
Cash flow
€164,583▲
2025 · €157,565
Debt to equity
6.05▲
2025 · 2.79
ROE
93.7%▲
2025 · 42.2%
Interest coverage
35.03▲
2025 · 23.99
Debt ≤ 1 year
€259,244▲
2025 · €190,879
Debt > 1 year
€510,417▼
2025 · €572,589
Income taxes
€39,708▲
2025 · €39,267
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,605 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.0% went bankrupt
2.0% stopped otherwise
97% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,605 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 47 lines
Balance sheet Code20252026
Assets
Total assets20/58€1.1m€896,846▼
Fixed assets21/28€860,413€814,054▼
Tangible fixed assets22/27€860,413€814,054▼
Land and buildings22€860,413€814,054▼
Current assets29/58€198,919€82,792▼
Amounts receivable within one year40/41€11,988€1,937▼
Trade receivables40€108€0▼
Other amounts receivable41€11,880€1,937▼
Cash at bank and in hand54/58€169,142€26,405▼
Deferred charges and accrued income490/1€17,789€54,450▲
Equity and liabilities
Total equity and liabilities10/49€1.1m€896,846▼
Equity10/15€279,314€127,185▼
Contributions10/11€6,200€6,200=
Reserves13€273,114€120,985▼
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€271,254€119,125▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€780,018€769,661▼
Amounts payable after more than one year17€572,589€510,417▼
Financial debts170/4€572,589€510,417▼
Amounts payable within one year42/48€190,879€259,244▲
Current portion of amounts payable after more than one year42€73,375€73,999▲
Trade debts44€14€0▼
Suppliers440/4€14€0▼
Taxes, remuneration and social security45€4,804€5,245▲
Taxes450/3€4,804€5,245▲
Other amounts payable47/48€112,686€180,000▲
Accrued charges and deferred income492/3€16,550€0▼
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39,763€45,458▲
Other operating charges640/8€12,654€13,174▲
Gross operating margin9900€217,372€223,147▲
Operating profit (loss)9901€164,954€164,516▼
Financial income75/76B€648€312▼
Recurring financial income75€648€312▼
Financial charges65/66B€8,534€5,994▼
Recurring financial charges65€8,534€5,994▼
Profit (loss) for the period before taxes9903€157,069€158,833▲
Income taxes67/77€39,267€39,708▲
Profit (loss) for the period9904€117,802€119,125▲
Profit (loss) for the period to be appropriated9905€117,802€119,125▲
Appropriation of the result
Profit (loss) to be appropriated9906€117,802€119,125▲
Transfer from equity791/2-€268,815
Transfer to equity691/2€67,802€119,125▲
To other reserves6921€67,802€119,125▲
Profit to be distributed694/7€50,000€268,815▲
Return on contributions (dividend)694€50,000€268,815▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,674€42,063€42,865€39,763€45,458▲ 14.3%
Other operating charges640/8€10,875€11,164€12,194€12,654€13,174▲ 4.1%
Gross operating margin9900€187,606€210,721€206,148€217,372€223,147▲ 2.7%
Operating profit (loss)9901€138,058€157,494€151,090€164,954€164,516▼ 0.3%
Financial income75/76B-€71€1,948€648€312▼ 51.9%
Recurring financial income75-€71€1,948€648€312▼ 51.9%
Financial charges65/66B€11,034€7,266€6,575€8,534€5,994▼ 29.8%
Recurring financial charges65€11,034€7,266€6,575€8,534€5,994▼ 29.8%
Profit (loss) for the period before taxes9903€127,024€150,299€146,463€157,069€158,833▲ 1.1%
Income taxes67/77€27,239€35,768€36,442€39,267€39,708▲ 1.1%
Profit (loss) for the period9904€99,786€114,532€110,020€117,802€119,125▲ 1.1%
Profit (loss) for the period to be appropriated9905€99,786€114,532€110,020€117,802€119,125▲ 1.1%
Line20222023202420252026Change
Assets
Total assets20/58€1.1m€1.1m€1.1m€1.1m€896,846▼ 15.3%
Fixed assets21/28€937,635€924,488€890,299€860,413€814,054▼ 5.4%
Tangible fixed assets22/27€937,635€924,488€890,299€860,413€814,054▼ 5.4%
Land and buildings22€937,635€924,488€890,299€860,413€814,054▼ 5.4%
Current assets29/58€122,932€148,367€228,852€198,919€82,792▼ 58.4%
Amounts receivable within one year40/41€4,219€32,997€52,278€11,988€1,937▼ 83.8%
Trade receivables40€0-€823€108€0▼ 100%
Other amounts receivable41€4,219€32,997€51,455€11,880€1,937▼ 83.7%
Cash at bank and in hand54/58€118,712€115,370€72,457€169,142€26,405▼ 84.4%
Deferred charges and accrued income490/1€0-€104,116€17,789€54,450▲ 206%
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.1m€1.1m€1.1m€896,846▼ 15.3%
Equity10/15€196,960€201,492€211,513€279,314€127,185▼ 54.5%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€190,760€195,292€205,313€273,114€120,985▼ 55.7%
Non-distributable reserves130/1€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860€1,860€1,860€1,860=
Distributable reserves133€188,900€193,432€203,453€271,254€119,125▼ 56.1%
Profit (loss) carried forward14€0€0€0€0€0-
Amounts payable17/49€863,607€871,363€907,638€780,018€769,661▼ 1.3%
Amounts payable after more than one year17€758,222€695,202€634,183€572,589€510,417▼ 10.9%
Financial debts170/4€758,222€695,202€634,183€572,589€510,417▼ 10.9%
Amounts payable within one year42/48€105,328€176,075€273,456€190,879€259,244▲ 35.8%
Current portion of amounts payable after more than one year42€49,578€60,435€61,020€73,375€73,999▲ 0.9%
Trade debts44€55,750€2,903€452€14€0▼ 100%
Suppliers440/4€55,750€2,903€452€14€0▼ 100%
Taxes, remuneration and social security45€0€2,737€1,984€4,804€5,245▲ 9.2%
Taxes450/3€0€2,737€1,984€4,804€5,245▲ 9.2%
Other amounts payable47/48€0€110,000€210,000€112,686€180,000▲ 59.7%
Accrued charges and deferred income492/3€57€85€0€16,550€0▼ 100%
Line20222023202420252026Change
Profit (loss) for the period9904€99,786€114,532€110,020€117,802€119,125▲ 1.1%
+ Depreciation and write-downs630€38,674€42,063€42,865€39,763€45,458▲ 14.3%
Operating cash flow (approximation)€138,459€156,595€152,885€157,565€164,583▲ 4.5%
Investment in fixed assets (approximation)--€28,916-€8,676-€9,878€902▲ 109%
Change in cash--€3,343-€42,912€96,685-€142,737▼ 248%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-10-2027
2026
09-06
NBB filing Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial Highest result since 2019net €119,125 ▲1.1%
Net result €119,125, the highest in the series.
2025
16-09
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
25-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial Equity above €200,000Eq €201,492 ▲2.3%
5 profitable years in a row build equity to €201,492.
2022
26-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
25-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2020
27-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
31-03
Financial Equity above €500,000Eq €509,447 ▲19.7%
2 profitable years in a row build equity to €509,447.
2019
29-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
26-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2009
seat establishment The establishment unit on the map
Ground area
2,982 m²
Building footprint
656 m²
Volume, LiDAR
4,866 m³
Parcel 24126C0095/00E000, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
WEDARVA
Wijgmaalsesteenweg 108, 3012 LeuvenFinancial service activities, except insurance and pension funding
since 20092.311.645.897
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24126C0095/00E000 Flanders 2,982 m² 1 · 656 m² 8.8 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. DACETO 100%
  2. WEDARVA

Highest known parent: DACETO. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-03-2023 list no holdings, and no other source names one.

According to the annual accounts to 31-03-2023 of WEDARVA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2022 to 2023 · 2 entries · 12,000 EUR awarded · 12,000 EUR paid
Year Entries awardedpaid
2023 1 0 EUR12,000 EUR
2022 1 12,000 EUR0 EUR
Schemes
2 entries · 12,000 EUR · 12,000 EUR paid · Vlaams Energie- en Klimaatagentschap

Similar companies · same sector, comparable size

Of 9,864 companies in sector 73110 we hold annual accounts for 3,758. 3,000 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded08-01-2009
Fiscal year end31-03
Activities, NACEBEL 2025
73110Advertising agencies
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0809049185
Registered 04-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.